GST Network provides free accounting, billing software to MSMEs; to benefit about 80 lakh small businesses
GST Network (GSTN) on Tuesday said it has started offering free accounting and billing software to MSMEs with an annual turnover of up to Rs 1.5 crore, which would benefit about 80 lakh small businesses
While one sub-group will examine the business process, policy and legal aspects for generation of e-invoice, the other will recommend technical aspects for its roll-out
Stakeholders can share their comments on 'email@example.com', said GSTN, the company which handles the technology backbone of Goods and Services Tax (GST) regime.
GST measures to avoid tax evasion: Govt plans to launch e-invoices, look at ways to incentivise businesses
With almost two years into GST implementation, the government is now focussing on anti-evasion measures to shore up revenue and increase compliance.
Businesses with an annual turnover of over Rs 2 crore can now start filing GST audit reports for fiscal 2017-18 as GST Network (GSTN) has made its format available on its portal
Matching of invoices of e-way bills with the sales shown in GSTR-1 will help taxmen in assessing whether the supplies have been accurately shown in sales return
Arun Jaitley said that 50 percent stake will be owned by the Centre and the remaining by the states on pro-rata basis in the new structure.
Union Cabinet likely to consider proposal to convert GST Network into government-owned company today
Currently, the Centre and states together hold 49 percent stake in GST Network, the company that provides IT backbone to the new indirect tax regime
The finance ministry is likely to send an email to the micro, small and medium enterprises soon, detailing the services that can be obtained using Udyog Aadhaar.
GST rate cut on 50 items: TV, refrigerator, washing machines to get cheaper; return filing simplified
The changes would come into effect across the country from 27 July onward, Finance Minister Piyush Goyal told media after the 28th meeting of the GST Council.
GST Council to discuss annual return forms on 21 July; experts expect reconciliation with IT returns
The revenue officers have prepared a draft of the annual returns form, which will be deliberated by the GST Council chaired by Union finance minister
GST evasion: Traders deploy horse-carts to transport produce across states to skirt e-way bill system
According to GST rules, e-way bills are applicable only for motorised vehicles and hence traders are moving produce via horse-carts.
A preliminary analysis of GST returns filed between July and December 2017 shows that the scale of under-reporting could be as high as Rs 34,000 crore.
The Prime Minister's Office has called a meeting of top officials of commerce and finance ministries on Monday to discuss the issue of GST refunds
GST Network crash: Will e-way bills system bring back border check posts and Inspector Raj in new form?
GST Council finalised e-way bills rules in August, but a planned rollout in October was deferred after GSTN portal had crashed last year.
The e-way bill, to be generated under the GST for all inter-state movement of goods valued at over Rs 50,000, will become mandatory from Thursday, on the day of the presentation of the Union Budget 2018-19 in Parliament.
Delayed refund to exporters in GST regime leads to job loss in labour intensive sector, says Amit Mitra
Amit Mitra says problem lies in the GST refund delivery mechanism because of manual processing of refund application
Arun Jaitley said decision to levy GST on petroleum products can be taken only after GST Council clears it with 75 percent or three-fourth majority
Instead of checkposts, state government inspectors now have mobile vans for inspections of inter-state goods movement, which traders and truckers say has increased bribe payments etc manifold.
GST related issues resolved, indirect tax regime will become good and simple tax in a few months: MoS Finance
Post GST Council's Guwahati meet, tax rates on many products were reduced to 18 per cent from 28 per cent